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20121230
20121230
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
FOX News
Dec 30, 2012 3:00pm PST
allowed to borrow so much without asking congress for a higher debt ceiling. in other words, every time the president wants to spends more money, he has to go to congress and ask for authorization and that's the way it works, to have the people elected approve spending increases. right now, 16 trillion dollars in debt, we're bumping our head on the debt ceiling right this very minute and let me tell you, when you look the at how much money we're spending compared to our gdp, we're similar to spain, we're similar to greece, it's not a pretty scenario. >> harris: well, tell me this: what actually happens when we nudge up against it? >> well, everybody starts wondering when they're going to rise the debt ceiling, there's big pressure on republicans in congress to approve that. it's a big debate with them because they don't like to and then you have all of wall street looking at this, wondering whether we're going to be able to pay our bills and remember what happened last time around, the markets sold off 2000 points over a two month period. it was very dramatic. and really hurt peopl
CNN
Dec 30, 2012 2:00pm PST
cliff, other big issues congress has to deal with, including a debt ceiling in a matter of weeks, if we can't get past the cliff, i guess what i'm going to ask you, ron is how much hope do we have that congress can tackle these other huge issues? >> well, look, i think that's the big story here. the context wit fiscal cliff and all of this has to be seen. it is whether red america and blue america are following mediate their differences and find reasonable compromises to move forward. we know democrats have won the popular vote five of the last six times for the presidency. they have kind of a structural advantage, i believe, and demographic change. we know republicans have an advantage in the house the way the population distributed. we know for at least the next two years, probably the next four years, going to have divide government. none of us are going away and really, you know, watching the inability to make this deal is ominous the next two years because it suggests that neither side, but i think probably more of the republicans, but neither side entirely is fully facing up to th
CSPAN
Dec 30, 2012 7:00am EST
to mid february as they look to cut a deal around raising the debt ceiling. host: nancy cook is the national journal's budget and tax director. , for joining us. we're taking your calls on the your message to congress as we near this fiscal cliff the line. if go to indiana on the democratic line. jay is waiting. caller: good morning. and, for taking my call. -- thank you for taking my call. i feel like our americans are politicians bosses. the government gets the money from us. i do not see how they have the right to sit there and play politics with each other and try to make decisions that are going to just benefit them. maybe a small part of the population. this is the united states. we're supposed to be tried to help everybody. we cannot be scared of what is clear to happen to us when many people are barely able to meet their bills. they may have to be afraid of what is going to happen to them. what kind of government would do that to their people? they should try to make us feel calm. like we are really going to get something done. host: from crawford, indiana this morning. on t
ABC
Dec 30, 2012 8:00am PST
now from will be better in terms of striking a deal on the debt ceiling or whatever it is. >> part of it is the incredible polarization of congress. >> terrible. it's built in a structural built-in polarization. >> let's take a look. nate silver, the guru of all things number when it comes to politics or sports, looked at what happened to the house of representatives. take a look. pretty striking numbers. we now have swing districts, districts within 5% of where the national vote was in the presidential race, there used to be 1992, 103 competitive swing districts. now there are just 35 districts out of 435 that are actually competitive, and then what he calls landslide districts, these are lopsided districts where there was more than 20% difference between the national race and what we have now, look, the number of landslide districts has almost doubled. these members of congress are now in a situation where they're worried about a primary, and they are not concerned at all about appealing to the other party. >> it's actually a fairly simple fix which of course neither the republicans
FOX News
Dec 30, 2012 9:00am PST
avoiding the cliffs in the future. in regard to raising the debt ceiling, i don't think that should be done in the congress, and i am going to propose a rules change for that effect in the house, until in any fiscal clear, you have a budget passed and you are passing every one of your appropriations bills. how do you know how much you need to borrow, if you haven't had a budget and decided how much mon you -- money you are going to intend. we get bipartisan support for that. i bet dennis would support that in the 113th congress. >> it make a lot of sense. >> shannon: we would love to leave you on agreement and kind words. congressmen, thank you both, very much. >> thank you. >> thank you, shannon. >> shannon: nice to see that. keep it here for the latest on the negotiations. we have added special live coverage. there will be a two-hour live edition of fox report, starting alt6:00 eastern. of course, we will be keeping an eye on any votes in the house and the senate as they happen. that will be followed by a live edition of "the five." how will the presidents tackle the numerous big iss
FOX Business
Dec 30, 2012 6:00pm EST
government. this is absolutely immoral to have this happen. this is what congress is passing on to us and is why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows progressive claims. this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do is without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims
MSNBC
Dec 30, 2012 3:00pm PST
on their what have from the very beginning of this congress, demanding immediate spending cuts at a time when the economy was still pretty shaky, and taking the unprecedented action of holding the necessary rise and the debt ceiling hostage to their own policy demands, leading to a downgrade in our dollars and the decline in the economy. so, yeah, the tea party bears responsibility. but the tea party and the republican party, sadly, have become one in the same. >> well, take us sort of micro now, that's the macro picture. take us micro into these next 29 1/2 hours and how this might play into whether or not we go off the fiscal cliff. >> yeah, listen, as you know, you've been talking to many other people up there, there's an easy way of agreeing to a small package that deals with tax cuts extending the tax cuts for most families, and an extension of expiring unemployment benefits. everyone had hoped to have something much more ambitious. but in the end, the republicans are not free to talk taxes. they've bought on to grover norquist's no new taxes. and that sort of has set the stage
MSNBC
Dec 30, 2012 9:00am PST
. there are a number of budget things coming up. the debt ceiling is a huge thing that is going to come up. treasury secretary timothy geithner said we hit the debt ceiling december 31st. they can continue to pay their bills for two months. congress and the white house is going to have to come back to the negotiating table again. we are going to have the typical budget rules. the house republicans are going to put out their budget. it will continue through the spring. >> andy, what are you hearing is happening in d.c. at the capital and how possible it is we are going to follow this time line put in place of maybe having the deal agreed to in two hours presented to senators and maybe they vote by midday and they send it to the house and the house is on the floor on new year's eve. what are you hearing? is the time line the one we are trying to go with? >> we are not hearing much of anything. it's probably a good sign. if there's radio silence, the two sides are talking to each other. they have something to talk ability. conceivably they could have an agreement they could show to th
Search Results 0 to 9 of about 10 (some duplicates have been removed)